Marketable Equity Securities

3 Months Ended

May 31, 2013

Marketable Securities [Abstract]

Marketable Equity Securities [Text Block]

3. Marketable Equity Securities

At February 28, 2013, marketable equity securities consisted of:

					Fair
					Value and
					Carrying
Security	Shares		Cost		Value
Seafarer Exploration Corp. (SFRX)		152,064	$	2,047	$	4,106
Total			$	2,047	$	4,106

As discussed in Note 2, the Company has classified its investment in marketable equity securities as trading securities. All fair value measurements are based on Level 1 inputs (i.e., closing trading prices of respective marketable equity securities).

Gain (loss) on marketable equity securities consisted of:

	Three Months Ended May 31,
	(Unaudited)
	2013		2012
Realized net gain (loss)	$	4,298	$	(75,197)
Unrealized net gain (loss)		(2,059)		10,377
Net gain (loss)	$	2,239	$	(64,820)

Commencing March 2012, the Company began the process of selling its marketable equity securities pursuant to a plan to liquidate substantially all of such securities as market conditions allow.